Notable Insider Trading: LegacyTexas Financial Group, Inc. $LTXB

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LegacyTexas Financial Group, Inc. (LTXB) insider have most recently took part in a trading activity. On Aug 28, 2017 Acosta Arcilia, Director bought 3,590 shares having total worth of $129,312 at the price of $36.02 per share, following the transaction a total of 26,848 shares owned by Acosta Arcilia.

The stock has experienced a total of 2 insider trades in the past three months. These trades include 2 sell activities .Furthermore, over the past 12 months , the stock was traded 33 times by insiders. In 33 of these trades, the insider was a seller .

Time Frame Number of Insider Buy Number of Insider Sell Stock Price Change(%)
3 Month 0 2 -0.86%
12 Month 0 33 85.99%

Shares of LegacyTexas Financial Group, Inc. (LTXB) traded up 0.61% on Aug 30, 2017, hitting $36.16. 130,983 shares of the company’s stock traded hands. LegacyTexas Financial Group, Inc. has a 52 week low of $17.47 and a 52 week high of $43.85. The company’s market cap is $1,470 million.

LegacyTexas Financial Group, Inc. (LTXB) last announced its earnings results on Jul 18, 2017. The company reported 0.60 earnings per share (EPS) for the quarter, higher than the consensus estimate of 0.57 by $0.03. The company had revenue of $76 million for the quarter, compared to the consensus estimate of $81 million. During the same quarter in the previous year, the company posted 0.50 earnings per share. The company’s revenue for the quarter was up 9% on a year-over-year basis.

2017-07-18 2017-04-18 2017-01-24 2016-10-18 2016-07-19 2016-04-19 2016-01-26 2015-10-20 2015-07-21 2015-04-21
earnings per share 0.60 0.37 0.55 0.61 0.50 0.43 0.35 0.38 0.44 0.39
Revenue(M) 75.72 76.55 74.08 73.48 69.35 65.35 63.74 73.04 71.79 64.71

ViewPoint Financial Group, Inc. is a Maryland corporation, is a full stock holding company for its wholly owned subsidiary, ViewPoint Bank, National Association (the “Bank”.) The Bank’s operations include its wholly owned subsidiary, ViewPoint Bankers Mortgage, Inc. The Company’s main business consists of attracting retail deposits from the general public and the business community and investing those funds, along with borrowed funds, in permanent loans secured by first and second mortgages on owner-occupied, one- to four-family residences and on commercial real estate, as well as in secured and unsecured commercial and industrial and consumer loans. Additionally, it has an active program with mortgage banking companies that allows them to close one- to four-family real estate loans in their own name and temporarily fund their inventory of these closed loans until the loans are sold to investors approved by the Company. The Company also offers brokerage services for the purchase and sale of non-deposit investment and insurance products through a third party brokerage arrangement. Its operating revenues are derived mainly from interest earnings on interest-earning assets including loans and investment securities, service charges and fees on deposits, and gains on the sale of loans. Its main sources of funds are deposits, FHLB advances and other borrowings, and payments received on loans and securities. It offers a variety of deposit accounts that provide a range of interest rates and terms, generally including savings, money market, term certificate and demand accounts. Its market area includes a diverse population of management, professional and sales personnel, office employees, manufacturing and transportation workers, service industry workers, government employees and self-employed individuals. The population includes a skilled work force with a wide range of education levels and ethnic backgrounds. The Company faces strong competition in originating real estate and other loans and in attracting deposits. Competition in originating residential and commercial real estate loans comes mainly from other commercial banks, savings institutions, conduit lenders, credit unions, life insurance companies and mortgage bankers. Other commercial banks, savings institutions, credit unions and finance companies provide vigorous competition in consumer lending. Commercial and industrial competition is mainly from local commercial banks. The Company is subject to extensive regulation, supervision and examination by the OCC, the FRB, and the FDIC.

William White

William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.

About the Author

William White
William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.